(EnergyAsia, December 9) — ExxonMobil Chemical Company has appointed ExxonMobil Singapore Chemical Plant Site Manager Georges Grosliere as the project executive for a possible second steam-cracking train now under study for Singapore. The company also awarded a project coordination and services contract to Foster Wheeler and WorleyParsons for work associated with the study. The...
(EnergyAsia, December 8) — Australia’s Federal Science Minister Brendan Nelson has recommended that the government set up a A$1 million study into a nuclear power industry for the country. Despite large coal deposits the minister feels that “we owe it to our future to examine all our options,” he told TV’s Channel Nine. (US$1=A$1.33). ...
(EnergyAsia, December 8) — Australia’s Origin Energy Resources Limited as operator for the Bass Straits gas (BassGas) project said said the onshore gas plant at Lang Lang is now mechanically complete and that pre-commissioning and commissioning has begun. This will involve the introduction of nitrogen gas into the plant to pressure test vessels and safety...
(EnergyAsia, December 8) — India’s Tamil Nadu state is set to start offering ethanol- blended gasoline after its sugar mills reached an “in principle” deal with oil firm Bharat Petroleum on the price of ethanol, Hindu Business Line reported. Bharat Petroleum Corp Ltd (BPCL) is reported to have accepted a price of Rs18.75/litre for...
(EnergyAsia, December 8) — China’s CNOOC Limited said it has begun producing oil at the Lufeng (LF) 13-2 field in the Eastern South China Sea. The field is flowing about 18,000 barrels of oil per day from three horizontal wells and has the capacity to produce 30,000 b/d. LF13-2 is located in the western...
(EnergyAsia, December 8) — Harbin Power Equipment, a Hong Kong-listed thermal power and hydroelectric equipment maker in China, plans to raise more than HK$400 million (US$1 = HK$7.79) to fund construction of nuclear-based facilities in China, reported the Hong Kong Standard. The Heilongjiang province-based company is seeking to sell 93.8 million new shares at...
(EnergyAsia, December 8) — Nepal has launched a Rs16 million-solar energy project in the Dhading district’s Katunje-2 village which was funded by the Indian government, according to Nepal News. (US$1 = Rs46). According to the Indian Embassy, about 300 homes and 2,000 people in the village have benefited from the solar-powered electricity. To date,...
(EnergyAsia, December 8) — Canada’s Accelon Energy System plans to build a US$6 billion synthetic diesel oil processing plant using coal as the feedstock in East Kalimantan, reported Antara news agency. The entire production of 28 million barrels per year will be acquired by state-owned oil and gas company Pertamina as an offtaker, without...
(EnergyAsia, December 8) — India’s Energy and Resource Institute (ERI) is urging New Delhi to end sales of subsidised kerosene and liquefied petroleum gas (LPG). In a study, ERI proposed replacing kerosene as cooking oil with LPG, which is much cheaper globally. The institute also suggested providing needy households which use kerosene as a...
(EnergyAsia, December 8) — Singapore’s SESDAQ-listed Advanced Holdings Ltd, a designer and provider of process equipment for key industrial customers worldwide, said its non-executive chairman Emily Choo has placed a total of 4 million shares to an unidentified US fund. The company said the shares were placed out at S$0.76 to enhance the liquidity of...
(EnergyAsia, December 8) — Engineering firm Foster Wheeler Ltd said that one of its subsidiaries has received an engineering, procurement and construction management contract from Dubai-based ENOC Processing Company LLC (EPCL) for a major upgrade of EPCL’s Jebel Ali gas condensate refinery in Dubai in the United Arab Emirates (UAE). The project will be undertaken...
(EnergyAsia, December 7) — The Northern Offshore Federation (NOF), a UK trade association providing business support for the marine, offshore and renewable energy industries will send a delegation to Singapore, Malaysia and Brunei next week. The association, representing around 200 companies in the North of England, have extensive experience and capabilities in serving the demanding environment...
(EnergyAsia, December 7) — Bangladesh has approached the Indian Oil Corporation (IOC) for fuel supplies after failing to reach agreement with the Kuwait Petroleum Corp (KPC), according to the New Kerala news service. Negotiations between IOC and the state-owned Bangladesh Petroleum Corp (BPC) are already under way and fuel imports are expected for the...
(EnergyAsia, December 7) — UK energy major BP said it plans to double its investment in alternative and renewable energies to create a new low-carbon power business with the growth potential to deliver revenues of around $6 billion a year within the next decade. Building on the success of BP Solar Ð which expects...
(EnergyAsia, December 70 — Malaysia’s Petronas Dagangan Bhd has reported a net loss of RM16.5 million for the quarter ended September 2005, compared with a pre-tax profit of RM27.70 million in the same quarter last year. (US$1=RM3.77). Revenue in the quarter increased to RM4.16 billion from RM3.07 billion previously, the company said in a...
(EnergyAsia, December 7) — High oil prices caused South Korea’s oil consumption to fall by a steep 8.3% in October from year-ago levels, c demand, said the Ministry of Commerce, Industry and Energy. Demand for kerosene, diesel oil, bunker-C oil and naphtha all fell with bunker-C showing the sharpest drop of 28%. Diesel use...
(EnergyAsia, December 7) — India’s Oil and Natural Gas Corp (ONGC) is in talks with Korea National Oil Corp (KNOC) over the possible use of Korean oil storage tanks, Financial Express reported. South Korea, which imports all its crude needs, has been actively seeking storage leasing deals to secure supplies from wide range of sources...
(EnergyAsia, December 7) — China is likely to fully free up domestic coal prices next year, China Securities Journal reported, citing sources attending a closed-door meeting of domestic coal producers in Beijing last month. The move will likely boost the cost of high quality coal for power generation but may have no impact on...
(EnergyAsia, December 7) — Taiwan is now the third highest user of solar water heaters in the world, said Vice Economics Minister Huo Ho-shong at a recent seminar organised by the Chunghua Institution for Economic Research. According to the China News Agency, Taiwan’s efforts to promote renewable energy are now paying off. With oil...
(EnergyAsia, December 7) — At least two villagers in China’s southern province of Guangdong have died after police fired on a crowd protesting the construction of a wind power plant, the US-supported Radio Free Asia (RFA) reports. Witnesses told RFA’s Mandarin service that villagers Jiang Hu and Jiang Guanji had died in the local hospital...
(EnergyAsia, December 7) — Japan’s Honda Motor Co Ltd said it is introducing a compact and efficient Home Energy Station III to provide heat and electricity for homes as well as fuel for hydrogen-powered fuel cell vehicles. The system is the invention of Honda R&D Americas and technology partner Plug Power Inc. Unlike the...
(EnergyAsia, December 6) — The rising cost of oil and other raw materials is worsening South Korea’s trade situation and adding pressure to the export-driven economy, the Bank of Korea (BOK) said. According to the Korea Times, the bank reported that the commodity terms-of-trade index on how much imports the country can buy with its...
(EnergyAsia, December 6) — Oil majors led by ExxonMobil, Chevron and Shell are increasingly looking to West Africa for new reserves, The Wall Street Journal reported. An increasing percentage of the world’s oil supplies are expected to come from the waters off West Africa – in particular, off Angola – as Western oil giants...
(EnergyAsia, December 6) — Japan’s Osaka Gas is close to reaching a deal with US major Chevron for long-term natural gas supplies from Australia’s Greater Gorgon project, The Wall Street Journal reported. If completed, the deal would help Osaka Gas reduce its reliance on Indonesia as its main source of LNG imports. Osaka also...
(EnergyAsia, December 6) — Design that Matters (DtM), a MIT startup nonprofit and recent recipient of the 2005 San Jose Tech Museum Tech Laureate Award, is returning to Mali this month to expand access to education for illiterate women. The trip comes one year after DtM and NGO partner World Education introduced the Kinkajou Portable...